Use the information for Lockard Company given in BE11-2.

(a) Compute 2015 depreciation expense using the double-declining-balance method.

(b) Compute 2015 depreciation expense using the doubledeclining-

balance method, assuming the machinery was purchased on October 1, 2015.

Data From BE 11-2

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BE11-2 Lockard Company purchased machinery on January 1, 2015, for 80,000. The machinery is esti- mated to have a residual value of 8,000 after a useful life of 8 years. (a) Compute 2015 depreciation expense using the straight-line method. (b) Compute 2015 depreciation expense using the straight-line method, assuming the machinery was purchased on September 1, 2015.